Wednesday, May 13, 2026

Ukraine Seeks US$2.6 Billion from Russia for Lost Oil Assets

Ukraine’s Naftogaz seeks compensation for assets in Crimea The fallout between Russia and Ukraine continues as Ukraine’s state-owned oil and gas company Naftogaz files for US$2.6 billion in damages over its lost assets in Crimea. Naftogaz and its subsidiaries filed a claim against the Russian Federation under the Russia-Ukraine Bilateral Investment Treaty, the company said in a press release. “Upon

Task Force Issues 44 Underground NatGas Storage Recommendations in Wake of Aliso Canyon

Seven federal agencies, along with state and local input, made recommendations for well integrity, health effects, energy reliability for the underground storage of natural gas Through the work of a new task force co-chaired by the Department of Energy (DOE) and the Department of Transportation’s Pipeline and Hazardous Materials Safety Administration (PHMSA), representatives from the Department of Transportation, the Environmental Protection Agency, the Federal Energy

Oil Hits One-Year High on Surprise Crude Draw

Crude in storage sinks below year-ago levels Oil prices spiked as much as 3% Wednesday following news from the EIA that the number of barrels in storage declined despite analyst expectations of a build. The EIA reported a draw of 5.2 MMBO compared to an expectation of a 2.2 MMBO build for the week ended October 14. The draw is